10-Q Filing

SAGA COMMUNICATIONS INC CIK: 886136 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-024546`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	sga-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 28 Cash Flow Statement 20

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.34M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.18M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.02M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.45M	USD	Point-in-time
Barter transactions	`AccountsReceivableBilledForLongTermContractsOrPrograms`	$1.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.52M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$159.97M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$157.21M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$103.41M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$100.89M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.32M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$56.56M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$96.23M	USD	Point-in-time
Broadcast licenses, net	`IndefiniteLivedLicenseAgreements`	$96.23M	USD	Point-in-time
Goodwill	`Goodwill`	$7.41M	USD	Point-in-time
Goodwill	`Goodwill`	$7.41M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.09M	USD	Point-in-time
Other intangibles, deferred costs and investments, net	`OtherAssetsNoncurrent`	$7.03M	USD	Point-in-time
Total assets	`Assets`	$221.57M	USD	Point-in-time
Total assets	`Assets`	$220.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.68M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.72M	USD	Point-in-time
Payroll and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.59M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$3.40M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$4.88M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.92M	USD	Point-in-time
Barter transactions	`DeferredRevenueCurrent`	$1.47M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$29.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$30.17M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$35.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.37M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.99M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$85.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$85.02M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$74.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$74.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$60.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.73M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$33.12M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$33.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$134.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$135.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$220.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$221.57M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net operating revenue	`SalesRevenueNet`	$32.74M	USD	1 Quarter
Net operating revenue	`SalesRevenueNet`	$31.41M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$25.05M	USD	1 Quarter
Station operating expenses	`DirectOperatingCosts`	$24.68M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.72M	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.86M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-10.00K	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.34M	USD	1 Quarter
Interest expense	`InterestExpense`	$189.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$217.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.15M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.27M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.02M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Weighted average common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	6.00M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.01M	shares	1 Quarter
Weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.76M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.19M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.46M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	1 Quarter
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	$12.48M	USD	1 Quarter
Acquisition of broadcast properties	`PaymentsToAcquireBroadcastProperties`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$76.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-25.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.47M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.51M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.28M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.94M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.34M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.34M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.